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Price 1980 plunges rapidly, dropping more than 3.5% on the day again as the market enters a pullback phase dominated by short positions
First resistance: 1895-1905
Strong resistance: 1928-1935
First support: 1870-1875
Strong support: 1840-1850
Short trade idea: look for a rebound to 1898-1905
Stop loss: 1912 | Take profit: 1875-1852
Long trade idea: if price stabilizes and closes bullish within the 1845-1855 range, consider adding; set stop loss at 1838 and take profit at 1880-1900
Note: There will be major market-moving news at 7.30 (two o’clock) and at 2.30—when placing trades, always use a stop loss